Page 45 - Nbfcs

Coherent set of immediate actions

The government must announce a calendar for implementation of Friday's measures

Harmonise liquidity norms between banks and NBFCs, says Shaktikanta Das

In recent years, India's external sector has benefited from a sustainable level of current account deficit, largely financed by robust foreign direct investment inflows

Sitharaman's sops for NBFCs may perk up lending, ease liquidity stress

The government has provided additional support of Rs 20,000 crore to the stressed housing finance companies from National Housing Bank (NHB)

EPFO to allocate equity investments equally in Nifty and Sensex firms

Decision against hiring private fund managers

Sebi eases FPI norms, approves changes in rules prohibiting insider trading

The easing of FPI norms comes at a time when overseas investors have pulled out over $3 billion from the domestic markets since the Union Budget

Brookfield, Piramal Capital look to cash in on buyout opportunities in NBFC

KKR was also in talks to acquire majority stake in Aadhar Housing Finance, a unit of Wadhawan Global Capital

Economists estimate GDP growth of 5.5-6% in Q1 FY20 amid slowdown

The lower range of these projections means the economy has slowed further

NBFCs, HFCs, listed firms no longer need debenture reserve to raise funds

On the other hand, banking companies and all India financial institutions are already exempted from creating DRRs

NBFCs continue to hold major share in retail loans despite liquidity crisis

In FY19, NBFCs had a 30% share in outstanding retail loans, while public sector lenders had a 39% share and private banks had 26%

Govt removes debenture reserve requirement for HFCs, NBFCs, listed firms

Under the companies law, these entities raising money had to create Debenture Redemption Reserve (DRR) and that requirement has now been done away with

RBI Guv Shaktikanta Das rules out asset quality review of NBFCs for now

Even as he reiterated the regulatory resolve to not let any large NBFC fail, Reserve Bank governor Shaktikanta Das Monday ruled out ordering an asset quality review of the systematically important shadow banks for now. The over 12,000-odd non-banking financial institutions, coupled with their housing finance peers, collectively control a quarter of the credit market, have been under severe stress following the bankruptcy of one of the largest players IL&FS group last September. The IL&FS group owes close to Rs 1 trillion to the system and more than half of that is to banks, mostly state- owned ones. Its failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch. The group is not only under bankruptcy process now but also under many a probe including by the ED, CBI and the SFIO. Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, Das ruled out ordering an ...

Listing of Edelweiss' advisory business within 2 years, says Nitin Jain

The NBFC sector is undergoing huge turbulence and policy makers will have to take further steps to tackle the problem, says Nitin Jain

From auto to banking, grumble of slowdown is getting louder for India Inc

The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago

NBFC-Microfinance institutions top in market share: Here're the details

In terms of delinquency, banks have the lowest with a 30-plus delinquency at 0.50 per cent across all categories of lenders

NBFCs will be in goodwill hunting mode for some time to come: Experts

NBFCs are unlikely to have it easy anytime soon; if anything, the pain is set to get deeper

One-time credit guarantee: Public sector banks to gain more than NBFCs

Focus on asset quality takes precedence over liquidity infusion

Increased forced lending to NBFCs can land banks in trouble: Fitch report

NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

On-lending by NBFCs to 'needy' segments to be priority sector loans: RBI

Under the revised on-lending model, banks can classify only the fresh loans sanctioned by NBFCs out of bank borrowing

Housing finance companies to be treated as NBFCs; come under RBI oversight

Finance Minister Nirmala Sitharaman in her maiden Budget 2019-20 speech in early July had announced that the National Housing Bank (NHB) will not remain as the regulator for the HFCs